Welspun Corp bags order worth Rs 1182 crore

by khalid on 31/03/2011 · 0 comments

Welspun Corp Limited has informed the share market (BSE/NSE) that they have won several new orders from international clients for supplying of approximately 155 KM Tubes worth Rs 1182 crore. These orders have to be completed over a period of one year.

Welspun Corp Limited (Welspun), formerly Welspun Gujarat Ltd. , together with its subsidiaries are engaged in the business of production and coating of high grade submerged arc welded pipes, hot rolled steel plates and coils, infrastructure, oil and gas exploration, and energy and power generation.

Share’s Data :-
BSE Code : 532144
Mkt. Cap: Rs 4,222.94 Crores
Welspun Corp Ltd. share’s CMP is Rs 206.40 on 31st Mar 2011

With these new orders, the current order book has risen to Rs.6153 crores at conversion price of Rs.45.50 per USD (approx 932 KMT for pipes and external plate orders of 40 KMT) without excluding the orders being executed in Q4 FY 2011.

Stay tuned to BelltheBull Blog for more news on KEC International Limited (KEC) !

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